Last 48 quarters of trend data · Financial Services · Insurance - Property & Casualty
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 10.92 | — | 11.02 | 8.06 | 10.05 | 38.69 | 11.14 | 5.92 | 21.16 | 5.04 | 6.28 | 60.15 | 6.90 |
| — | — | -1.0% | +36.2% | -52.5% | +667.3% | +77.2% | -90.2% | +206.4% | -41.2% | -6.4% | +99.9% | — | |
| P/S Ratio | 1.39 | 1.51 | 1.51 | 1.39 | 1.44 | 1.80 | 1.45 | 1.13 | 1.39 | 1.11 | 1.03 | 1.44 | 1.12 |
| — | -16.1% | +3.7% | +22.2% | +3.8% | +62.8% | +40.5% | -21.2% | +23.6% | -7.1% | -5.6% | +24.2% | -51.6% | |
| P/B Ratio | 1.23 | 1.15 | 1.33 | 1.31 | 1.42 | 1.35 | 1.28 | 1.16 | 1.25 | 1.23 | 1.22 | 1.35 | 1.26 |
| — | -14.8% | +4.2% | +13.2% | +13.4% | +10.2% | +5.1% | -14.6% | -0.5% | +1.8% | -6.4% | +18.2% | -5.0% | |
| P/FCF | 9.05 | — | 10.61 | 5.22 | 14.01 | 17.89 | 13.28 | 6.08 | 9.88 | 8.96 | 6.56 | 5.58 | 6.80 |
| — | — | -20.1% | -14.3% | +41.8% | +99.6% | +102.5% | +9.0% | +45.4% | -48.6% | +15.3% | +30.4% | -30.9% | |
| EV / EBITDA | 7.98 | — | 8.22 | 5.87 | 6.98 | 28.97 | 7.72 | 4.02 | 12.67 | 3.54 | 4.64 | 39.93 | 4.50 |
| — | — | +6.5% | +45.9% | -44.9% | +719.3% | +66.4% | -89.9% | +181.9% | -37.1% | -1.6% | +100.4% | — | |
| EV / EBIT | 8.58 | — | 8.22 | 5.83 | 6.96 | 28.25 | 7.65 | 4.00 | 12.42 | 3.53 | 4.64 | 40.99 | 4.48 |
| — | — | +7.3% | +45.8% | -43.9% | +699.8% | +65.0% | -90.2% | +177.0% | -36.8% | -1.0% | +110.4% | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Markel Corporation's operating margin was -7.7% in Q1 2026, down 25.1 pp QoQ and down 12.4 pp YoY. This marks the 3rd consecutive quarter of margin compression, signaling a persistent pressure on profitability that investors should monitor. The trailing four-quarter average of 12.9% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin expanded 48.5% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 69.4% | 67.1% | 69.6% | 55.0% | 55.5% | 45.2% | 67.7% | 57.8% | 50.3% | 59.6% | 52.0% | 41.1% | 56.9% |
| — | +48.5% | +2.8% | -4.9% | +10.3% | -24.2% | +30.1% | +40.6% | -11.6% | +10.0% | -5.0% | -9.8% | +284.3% | |
| Operating Margin | 16.5% | -7.7% | 17.4% | 22.3% | 19.6% | 4.7% | 18.8% | 26.8% | 9.9% | 29.7% | 22.1% | 2.0% | 22.0% |
| — | -262.3% | -7.6% | -16.8% | +98.2% | -84.0% | -14.7% | +1256.1% | -55.1% | +59.7% | -0.3% | -52.8% | +137.2% | |
| Net Margin | 12.7% | -6.0% | 13.7% | 17.1% | 14.9% | 3.7% | 14.3% | 20.1% | 7.2% | 22.7% | 16.9% | 1.2% | 16.9% |
| — | -263.4% | -4.4% | -14.8% | +106.5% | -83.9% | -15.2% | +1512.3% | -57.2% | +67.7% | -0.5% | -33.4% | +134.9% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 11.5% | -1.1% | 3.1% | 4.1% | 3.7% | 0.7% | 3.1% | 5.3% | 1.6% | 6.4% | 5.1% | 0.3% | 4.8% |
| — | -262.7% | -2.1% | -22.4% | +125.7% | -89.3% | -38.9% | +1721.5% | -65.9% | +84.6% | -1.2% | -36.1% | +173.0% | |
| ROA | 3.6% | -0.3% | 1.0% | 1.5% | 1.3% | 0.3% | 1.2% | 1.9% | 0.6% | 2.3% | 1.8% | 0.1% | 1.7% |
| — | -221.8% | -16.2% | -21.7% | +128.3% | -89.1% | -36.5% | +1766.8% | -65.6% | +88.7% | +1.3% | -34.2% | +172.9% | |
| ROIC | 10.7% | -1.1% | 2.9% | 4.1% | 3.7% | 0.7% | 3.0% | 5.3% | 1.7% | 6.3% | 5.1% | 0.4% | 5.1% |
| — | -262.5% | -2.3% | -23.8% | +116.3% | -89.6% | -41.8% | +1293.9% | -67.2% | +67.7% | -1.5% | -52.1% | +181.6% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.23 | 0.24 | 0.23 | 0.23 | 0.24 | 0.25 | 0.32 | 0.25 | 0.27 | 0.24 | 0.32 | 0.26 | 0.26 |
| — | -5.0% | -30.3% | -6.6% | -8.8% | +4.7% | +1.0% | -5.0% | +3.3% | -13.4% | -15.7% | -19.1% | -23.6% | |
| Debt / EBITDA | 1.46 | — | 5.49 | 4.19 | 4.78 | 21.45 | 7.33 | 3.48 | 10.72 | 2.78 | 4.73 | 32.76 | 4.00 |
| — | — | -25.2% | +20.5% | -55.4% | +671.1% | +55.2% | -89.4% | +167.7% | -48.9% | -14.3% | +40.1% | — | |
| Current Ratio | 0.84 | 0.84 | 0.84 | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Quick Ratio | 0.84 | 0.84 | 0.84 | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Interest Coverage | 14.27 | -5.37 | 15.68 | 20.31 | 17.25 | 4.03 | 14.70 | 23.61 | 7.96 | 30.46 | 23.95 | 2.52 | 20.23 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying MKL stock.
Markel Corporation's current P/E is 10.9x. The average P/E over the last 3 quarters is 9.7x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Markel Corporation's current operating margin is 16.5%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Markel Corporation's business trajectory between earnings reports.